MMM Stock Income Statements
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Quarterly Income Statements
Quarterly
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Annual
Unit: USD | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2011-09-30 | 2010-06-30 |
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net sales | 8,003,000,000 | 8,312,000,000 | 8,325,000,000 | 8,031,000,000 | 8,619,000,000 | 8,702,000,000 | 8,829,000,000 | 8,942,000,000 | 8,950,000,000 | 8,851,000,000 | 8,350,000,000 | 7,176,000,000 | 8,075,000,000 | 7,991,000,000 | 8,171,000,000 | 7,863,000,000 | 8,152,000,000 | 8,390,000,000 | 7,662,000,000 | 7,409,000,000 | 7,712,000,000 | 7,578,000,000 | 8,137,000,000 | 8,134 | 7,831 | 23,302 | 7,916 | 7,531,000,000 | 6,731 | ||
yoy | -7.15% | -4.48% | -5.71% | -10.19% | -3.70% | -1.68% | 5.74% | 24.61% | 10.84% | 10.76% | 2.19% | -8.74% | -0.94% | -4.76% | 6.64% | 6.13% | 5.71% | 1.11% | -8.95% | 94811800.66% | 32520713.66% | 102791714.05% | -100.00% | 246.19% | |||||||
qoq | -3.72% | -0.16% | 3.66% | -6.82% | -0.95% | -1.44% | -1.26% | -0.09% | 1.12% | 6.00% | 16.36% | -11.13% | 1.05% | -2.20% | 3.92% | -3.55% | -2.84% | 9.50% | 3.41% | -3.93% | -6.87% | 100036782.22% | 3.87% | -66.39% | 194.37% | 111885206.79% | |||||
operating expenses | |||||||||||||||||||||||||||||||
cost of sales | 4,329,000,000 | 4,580,000,000 | 4,606,000,000 | 4,613,000,000 | 4,728,000,000 | 5,093,000,000 | 4,826,000,000 | 4,853,000,000 | 4,719,000,000 | 4,525,000,000 | 4,303,000,000 | 3,805,000,000 | 4,109,000,000 | 4,188,000,000 | 4,313,000,000 | 4,310,000,000 | 4,159,000,000 | 4,227,000,000 | 3,799,000,000 | 3,678,000,000 | 3,877,000,000 | 3,821,000,000 | 4,205,000,000 | 4,184 | 4,031 | 12,130 | 4,148 | 4,027,000,000 | 3,435 | ||
selling, general and administrative expenses | 1,736,000,000 | 5,992,000,000 | 12,204,000,000 | 1,705,000,000 | 1,998,000,000 | 3,023,000,000 | 1,882,000,000 | 1,819,000,000 | 1,746,000,000 | 1,808,000,000 | 1,677,000,000 | 1,594,000,000 | 1,768,000,000 | 1,455,000,000 | 1,686,000,000 | 1,948,000,000 | 1,547,000,000 | 1,800,000,000 | 1,560,000,000 | 1,493,000,000 | 1,530,000,000 | 1,564,000,000 | 1,597,000,000 | 1,646 | 1,632 | 4,808 | 1,609 | 1,534,000,000 | 1,350 | ||
research, development and related expenses | 437,000,000 | 430,000,000 | 473,000,000 | 472,000,000 | 461,000,000 | 476,000,000 | 480,000,000 | 482,000,000 | 514,000,000 | 524,000,000 | 461,000,000 | 424,000,000 | 537,000,000 | 443,000,000 | 470,000,000 | 477,000,000 | 430,000,000 | 468,000,000 | 437,000,000 | 450,000,000 | 429,000,000 | 463,000,000 | 434,000,000 | 448 | 452 | 1,277 | 420 | 389,000,000 | 350 | ||
total operating expenses | 6,502,000,000 | 10,966,000,000 | 17,283,000,000 | 6,790,000,000 | 4,463,000,000 | 8,592,000,000 | 7,188,000,000 | 7,154,000,000 | 6,979,000,000 | 6,857,000,000 | 6,441,000,000 | 5,436,000,000 | 6,412,000,000 | 5,980,000,000 | 6,469,000,000 | 6,727,000,000 | 6,136,000,000 | 5,989,000,000 | 5,796,000,000 | 5,621,000,000 | 5,836,000,000 | 5,848,000,000 | 6,236,000,000 | 6,278 | 6,115 | 18,215 | 6,177 | 5,950,000,000 | 5,135 | ||
operating income | 1,501,000,000 | -2,654,000,000 | -8,958,000,000 | 1,241,000,000 | 4,156,000,000 | 110,000,000 | 1,641,000,000 | 1,788,000,000 | 1,971,000,000 | 1,994,000,000 | 1,909,000,000 | 1,740,000,000 | 1,663,000,000 | 2,011,000,000 | 1,702,000,000 | 1,136,000,000 | 2,016,000,000 | 2,401,000,000 | 1,866,000,000 | 1,788,000,000 | 1,876,000,000 | 1,730,000,000 | 1,901,000,000 | 1,856 | 1,716 | 5,087 | 1,739 | 1,581,000,000 | 1,596 | ||
yoy | -63.88% | -2512.73% | -645.89% | -30.59% | 110.86% | -94.48% | -14.04% | 2.76% | 18.52% | -0.85% | 12.16% | 53.17% | -17.51% | -16.24% | -8.79% | -36.47% | 7.46% | 7.86% | -5.94% | 101077486.21% | 34008156.34% | 109315598.68% | -100.00% | 218.73% | |||||||
qoq | -156.56% | -70.37% | -821.84% | -70.14% | 3678.18% | -93.30% | -8.22% | -9.28% | -1.15% | 4.45% | 9.71% | 4.63% | -17.30% | 18.16% | 49.82% | -43.65% | -16.03% | 28.67% | 4.36% | -4.69% | -9.00% | 102424468.97% | 8.16% | -66.27% | 192.52% | 99060050.38% | |||||
other income | 264,000,000 | 200,000,000 | 65,000,000 | 52,000,000 | 24,000,000 | 50,000,000 | 38,000,000 | 31,000,000 | 33,000,000 | 49,000,000 | 104,000,000 | 111,000,000 | 96,000,000 | 45,000,000 | 256,000,000 | 48,000,000 | 51,000,000 | 51,000,000 | |||||||||||||
income before income taxes | 1,237,000,000 | -2,854,000,000 | -9,023,000,000 | 1,189,000,000 | 4,132,000,000 | 60,000,000 | 1,603,000,000 | 1,757,000,000 | 1,938,000,000 | 1,945,000,000 | 1,805,000,000 | 1,629,000,000 | 1,567,000,000 | 1,966,000,000 | 1,446,000,000 | 1,088,000,000 | 1,965,000,000 | 2,350,000,000 | 1,835,000,000 | 1,746,000,000 | 1,845,000,000 | 1,703,000,000 | 1,880,000,000 | 1,820 | 1,688 | 5,004 | 1,716 | 1,543,000,000 | 1,554 | ||
benefit for income taxes | 305,000,000 | -781,000,000 | -2,184,000,000 | ||||||||||||||||||||||||||||
income of consolidated group | 932,000,000 | -2,073,000,000 | -6,839,000,000 | 979,000,000 | 3,861,000,000 | 83,000,000 | 1,301,000,000 | 1,433,000,000 | |||||||||||||||||||||||
income from unconsolidated subsidiaries, net of taxes | 1,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | -1,000,000 | 2,000,000 | 4,000,000 | |||||||||||||||||||||||
net income including noncontrolling interest | 933,000,000 | -2,071,000,000 | -6,836,000,000 | 981,000,000 | 3,863,000,000 | 82,000,000 | 1,303,000,000 | 1,437,000,000 | 1,287,000,000 | 1,294,000,000 | 1,588,000,000 | 1,131,000,000 | 893,000,000 | 1,546,000,000 | 1,862,000,000 | 1,293,000,000 | 1,278,000,000 | 1,298,000,000 | 1,201,000,000 | 1,311,000,000 | 1,283 | 1,225 | 3,605 | 1,245 | 1,103,000,000 | 1,140 | |||||
less: net income attributable to noncontrolling interest | 5,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 4,000,000 | -3,000,000 | 2,000,000 | 5,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 8,000,000 | 16 | 18 | 49 | 15 | 15,000,000 | 19 | ||
net income attributable to 3m | 928,000,000 | -2,075,000,000 | -6,841,000,000 | 976,000,000 | 3,859,000,000 | 78,000,000 | 1,299,000,000 | 1,434,000,000 | 1,524,000,000 | 1,624,000,000 | 1,413,000,000 | 1,290,000,000 | 1,292,000,000 | 1,583,000,000 | 1,127,000,000 | 891,000,000 | 1,543,000,000 | 1,857,000,000 | 1,291,000,000 | 1,275,000,000 | 1,296,000,000 | 1,199,000,000 | 1,303,000,000 | 1,267 | 1,207 | 3,556 | 1,230 | 1,088,000,000 | 1,121 | ||
yoy | -75.95% | -2760.26% | -626.64% | -31.94% | 153.22% | -95.20% | -8.07% | 11.16% | 17.96% | 2.59% | 25.38% | 44.78% | -16.27% | -14.75% | -12.70% | -30.12% | 19.06% | 7.67% | -2.15% | 102288771.35% | 33717560.29% | 105934859.35% | -100.00% | 217.22% | |||||||
qoq | -144.72% | -69.67% | -800.92% | -74.71% | 4847.44% | -94.00% | -9.41% | -5.91% | -6.16% | 14.93% | 9.53% | -0.15% | -18.38% | 40.46% | 26.49% | -42.26% | -16.91% | 43.84% | 1.25% | -1.62% | -7.98% | 102841257.54% | 4.97% | -66.06% | 189.11% | 97056099.82% | |||||
weighted-average 3m common shares outstanding — basic | 555,000,000 | 554,300,000 | 553,900,000 | 552,700,000 | 568,800,000 | 571,000,000 | 572,300,000 | 579,600,000 | 581,000,000 | 580,500,000 | 577,800,000 | 577,000,000 | 576,800,000 | 576,500,000 | 577,700,000 | 577,500,000 | 585,600,000 | 591,400,000 | 606,900,000 | 607,400,000 | 620,600,000 | 636,200,000 | 645,300,000 | 652 | 661.5 | 679.8 | 714.5 | ||||
earnings per share attributable to 3m common shareholders — basic | 1.67 | -3.74 | -12.35 | 1.77 | 6.79 | 0.14 | 2.27 | 2.47 | 2.62 | 2.8 | 2.45 | 2.24 | 2.24 | 2.75 | 1.95 | 1.54 | 2.64 | 3.14 | 2.13 | 2.1 | 2.09 | 1.88 | 2.02 | 1.94 | 1.83 | 5.18 | 1.81 | 1.57 | |||
weighted-average 3m common shares outstanding — diluted | 555.9 | 554.3 | 553.9 | 553.2 | 570 | 572.7 | 575 | 586.3 | 588.6 | 586.3 | 582.4 | 580.8 | 581.5 | 583 | 586.1 | 588.5 | 598.4 | 604.2 | 620.9 | 621.3 | 631.2 | 649.2 | 657.9 | 664.6 | 674.5 | 691.8 | 725.7 | ||||
earnings per share attributable to 3m common shareholders — diluted | 1.67 | -3.74 | -12.35 | 1.76 | 6.77 | 0.14 | 2.26 | 2.45 | 2.59 | 2.77 | 2.43 | 2.22 | 2.22 | 2.72 | 1.92 | 1.51 | 2.58 | 3.07 | 2.08 | 2.05 | 2.05 | 1.85 | 1.98 | 1.91 | 1.79 | 5.1 | 1.78 | 1.54 | |||
gain on business divestitures | -36,000,000 | -2,724,000,000 | |||||||||||||||||||||||||||||
benefit from income taxes | 210,000,000 | 271,000,000 | -23,000,000 | 302,000,000 | 324,000,000 | 415,000,000 | 319,000,000 | 387,000,000 | 342,000,000 | 273,000,000 | 378,000,000 | 315,000,000 | 195,000,000 | 419,000,000 | 488,000,000 | 542,000,000 | 468,000,000 | 547,000,000 | 502,000,000 | 569,000,000 | 537 | 463 | 1,399 | 471 | 440,000,000 | 414 | |||||
gain on sale of businesses | -8,000,000 | -506,000,000 | |||||||||||||||||||||||||||||
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cash dividends paid per 3m common share | 1.36 | 1.36 | 1.11 | 1.11 | 1.025 | 1.025 | 0.855 | 0.855 | 0.855 | 1.905 | 0.635 | 0.55 | 0.525 | ||||||||||||||||||
interest expense and income | |||||||||||||||||||||||||||||||
interest expense | 38,000,000 | 47,000,000 | 38,000,000 | 31,000,000 | 28,000,000 | 45 | 37 | 113 | 33 | 48,000,000 | 52 | ||||||||||||||||||||
interest income | -7,000,000 | -5,000,000 | -7,000,000 | ||||||||||||||||||||||||||||
total interest expense — net | 31,000,000 | 42,000,000 | 31,000,000 | 27,000,000 | 21,000,000 | 36 | 28 | 83 | 23 | ||||||||||||||||||||||
gains associated with defined benefit pension and postretirement plans amortization | |||||||||||||||||||||||||||||||
transition asset | 1,000,000 | ||||||||||||||||||||||||||||||
prior service benefit | 17,000,000 | 20,000,000 | |||||||||||||||||||||||||||||
net actuarial loss | |||||||||||||||||||||||||||||||
curtailments/settlements | |||||||||||||||||||||||||||||||
total before tax | |||||||||||||||||||||||||||||||
tax effect | 45,000,000 | 53,000,000 | |||||||||||||||||||||||||||||
net of tax | -96,000,000 | -91,000,000 | |||||||||||||||||||||||||||||
debt and equity security gains | |||||||||||||||||||||||||||||||
sales or impairments of securities | |||||||||||||||||||||||||||||||
cash flow hedging instruments gains | |||||||||||||||||||||||||||||||
foreign currency forward/option contracts | 35,000,000 | -3,000,000 | |||||||||||||||||||||||||||||
commodity price swap contracts | 1,000,000 | ||||||||||||||||||||||||||||||
interest rate swap contracts | |||||||||||||||||||||||||||||||
total reclassifications for the period, net of tax | -74,000,000 | -126,000,000 | |||||||||||||||||||||||||||||
gains associated with, defined benefit pension and postretirement plans amortization | |||||||||||||||||||||||||||||||
foreign currency forward contracts | |||||||||||||||||||||||||||||||
total interest income | 38,000,000 | 42 | |||||||||||||||||||||||||||||
weighted-average 3m common shares outstanding – basic | 707,700,000 | ||||||||||||||||||||||||||||||
earnings per share attributable to 3m common shareholders – basic | 1.54 | ||||||||||||||||||||||||||||||
weighted-average 3m common shares outstanding – diluted | 715.5 | ||||||||||||||||||||||||||||||
earnings per share attributable to 3m common shareholders – diluted | 1.52 |